California Education Code

§ 25022

EDC § 25022 Effective Jan 1, 2014Div. 1 · Title 1 · Part 13 · Ch. 38 · Art. 6

Statute text

(a)If the death of a member occurs while the member is receiving an annuity under the Defined Benefit Supplement Program, the final benefit shall be payable in accordance with the terms of the annuity elected by the member.

(b)If the member was receiving a single life annuity without a cash refund feature, a final benefit is not payable other than the accrued annuity for the month in which the member’s death occurred, which shall be paid in a lump sum to the beneficiary designated by the member pursuant to Section 23300 or 23301.

(c)If the member was receiving a single life annuity with a cash refund feature, the final benefit shall be payable in a lump sum to the beneficiary designated by the member pursuant to Section 23300 or 23301.

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Legislative history

Amended by Stats. 2013, Ch. 558, Sec. 50. (AB 1379) Effective January 1, 2014.